Contributes to the mixed-use development of an 11 acre brownfield site that, upon completion, will contain more than 250,000 square feet of office space, 300 market rate rental units and structured parking.

Ace Hotel Pittsburgh - East Liberty

Redevelopment and conversion of the former YMCA in East Liberty to an Ace Hotel.

The tenant was a growing pharmaceutical distribution company that created 100 jobs within the City limits and was ultimately acquired by a major drug company.

Bakery Square - East Liberty

495,000 square foot vacant bakery building.

SIF loan bridged a State of Pennsylvania combination loan and grant financing, enabling a purchase and timely reopening of the bakery.

The facility contributed to the creation of 400 jobs prior to its unfortunate second closure. It has now been successfully redeveloped as the multi-use Bakery Square project that supports East Liberty's resurgence.

SIF Phase I loan enabled early completion of the speculative renovation of a building immediately adjacent to the RIDC's Lawrenceville Technology Center and Carnegie Mellon's Robotics Engineering Institute.

Reclaiming a brownfield site, the facility provides ready expansion space for the Robotics Institute and available shelf space for advanced manufacturing and technology companies.

SIF Phase II loan financed tenant improvements that induced a rapidly growing biomedical company to expand within City limits.

The Cigar Factory - Strip District

65,000 square foot loft-style office building.

SIF loan closed a financing gap created by significant rehabilitation and environmental remediation costs that could not be financed conventionally.

This conversion of a vacant and deteriorated complex of industrial buildings in the Strip District is now 98% occupied.

Courtyard Pittsburgh Downtown - Cultural District

182-room Marriott Courtyard Hotel.

SIF loan closed the gap between developer equity and a conventional first mortgage loan.

This conversion of four properties into a full-service hotel provides much needed additional hotel rooms for Convention Center attendees and enhances the upper Penn Avenue area of the Cultural District.

Eastside Phase IIA - East Liberty

45,000 square feet of retail and office space adjacent to the Whole Foods site in East Liberty.

Loan proceeds along with traditional first mortgage funds and New Markets Tax Credits proceeds financed the project.

The Eastside project, expanded by this second phase, acts as a catalyst in the continuing redevelopment of East Liberty.

Eastside Phase III - East Liberty

A multi-stage development that includes 43,000 square feet of retail space, 357 market rate apartment units and a 566 space parking facility.

This development set a high standard for future projects in the area and provided the economically depressed Greene County with a business park that has attracted new businesses and significantly increased employment.

Northfield Phase I - Findlay Township

Originally conceived to provide build-ready pad sites adjacent to runway #10L-28R at the Pittsburgh International Airport.

SIF loan completed a financing package that funded the infrastructure work necessary for future development.

The project was subsequently reoriented to provide for an expansion of the headquarters of Dick's Sporting Goods.

The parking provided by the garage is essential to the continuing development of the area of the North Shore between Heinz Field and PNC Park.

With the light rail connector completed, it now offers additional parking for commuters who work in the Golden Triangle.

The Oliver Building - Downtown

Historic office building containing 460,000 square feet on 25 floors.

SIF loan filled a gap in a financing structure that funded a retenanting of the building, the conversions of floors 14 through 25 into a 225 room Embassy Suites Hotel, revitalization of the mechanical systems and a restoration of the facade.

Redevelopment of the building brought an iconic structure in a critical Downtown location back to prominence.

SIF loan filled a gap caused by costs in excess of value as has been typical in the conversion of in-city buildings for residential use.

This project furthered the move to increase the number of Downtown housing units and served as a model for the various financing elements required of the private, public and foundation communities for the development of Downtown housing.

Piatt Place - Downtown

Sixty-five condominium units constructed in the air rights above the former Lazarus building.

SIF loan filled a gap that was created when the first mortgage loan commitment was unexpectedly reduced as a result of turmoil in the national financial markets.

This pivotal project is a vital part of the Downtown housing effort. Without SIF's involvement, timely completion would have been problematic.

Power of 32 Site Development Fund - Southwestern Pennsylvania

Investment of $20 million in a $49 million fund formed to finance early stage site development.

The fund addresses the Region's lack of large shovel-ready industrial sites.

Market area comprised of 32 counties in Western Pennsylvania, Eastern Ohio, Northern West Virginia and Northern Maryland.

All projects utilizing Strategic Investment Fund money must be located in Allegheny County or counties contiguous to it.

Pullman Center Business Park - Butler County

44.5 acre portion of the former Pullman Standard industrial site.

SIF loan bridged the funding of a State of Pennsylvania grant enabling the borrower to close on a land purchase in a timely fashion.

Redevelopment of the property involved remediation of a brownfield site, installation of infrastructure and the creation of individual building pads that are currently being marketed.

Pullman Commons - Butler County

Building containing 20,000 square feet of multi-tenant flex space.

SIF loan bridged a State of Pennsylvania loan funding to enable early completion of a speculative building that initially served as shelf space for the attraction of new companies and is now fully occupied.

This project was built on the former Pullman Standard property in Butler, a brownfield site.

Renaissance Pittsburgh Hotel - Cultural District

300 room Marriott Renaissance Hotel.

SIF loan closed a financing gap resulting from the extremely high cost of renovation not supported by market room rates.

This conversion of a vacant and deteriorated office building into a luxury hotel removed a prominent eyesore and addressed a shortage of first-class Downtown hotel rooms.

Riverfront East @ Three Crossings- Strip District

134,000 square foot office building leased to a major law firm that relocated to the Strip District.

The company's new venue now serves as both its headquarters and primary manufacturing location.

Spinning Plate Artist Lofts - East Liberty

55,000 square foot building containing 37 live/work apartment units for members of the local artist community.

SIF loan enabled the project's early completion by funding the nonprofit developer's equity requirement in advance of his receipt of tax syndication proceeds.

This conversion of a vacant automobile dealership provides a venue for emerging artists and served as one of the initial redevelopment projects in the East Liberty corridor.

StartingGate - Beaver County

Development of a 75,000 square foot multi-tenant office and light manufacturing building by a non-profit corporation whose mission is to promote the development of entrepreneurs and small businesses in Western Pennsylvania.

The SIF first mortgage construction line of credit served to fund timing gaps between the payment of construction invoices and reimbursement from various grant sources.

The project provides much needed business incubator space in Beaver County.

SIF loan financed a purchase of the property by the Urban Redevelopment Authority.

The building was adjacent to two properties that were already owned by the Authority.

The loan enabled the Authority to combine the buildings with two others and warehouse them pending future development of the full block. All three properties have now been purchased by PNC and were razed in conjunction with the construction of their new headquarters tower.

The project resulted in 400 jobs and contributed to filling the Region's need for an estimated 7,000,000 square feet of additional Class A warehouse space necessary for it to compete as a viable distribution center.

West Hills Commons - Armstrong County

30,000 square feet of multi-tenant flex space.

SIF loan augmented public funding, enabling the construction of a speculative building that provides shelf space necessary to attract new and expanding companies.

The project attracted the U.S. Navy Center of Excellence in Electro-Optics Manufacturing. The property is 100% leased with a number of the other tenants engaged in uses related to the medical industry.

This building was the original Westinghouse Electric Corporation headquarters, research and manufacturing facility. The project involved the reclamation and adaptive reuse of a historically significant structure that is now home to the Pittsburgh Opera.